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Board adopts unaudited actuals and revised budget; district flags ADA decline and multi‑year structural deficit
Summary
The board approved the district's unaudited actuals for FY 2024–25 and a revised budget for FY 2025–26. Staff reported an $819,000 one‑time savings to the unrestricted general fund but warned the district remains in a structural deficit driven by falling ADA and projections into 2027–28.
Atascadero Unified School District staff presented the unaudited actuals for fiscal year 2024–25 and a revised budget for 2025–26 and recommended board approval. The board approved the unaudited actuals and revised budget by roll call vote.
Key fiscal points presented by the district’s finance staff: - The district closed FY 2024–25 with approximately $819,000 in savings to the unrestricted general fund (about 2% of unrestricted revenues). Staff described that amount as a deposit into the district’s reserves. - The district recognized roughly $1.3 million less in revenue than in FY 2023–24 because enrollment/attendance (ADA) did not grow as projected; the district’s P‑2 funded attendance came in at…
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